@nPatel55 on XAUUSD | PriceONN Community

@nPatel55, I wouldn't be so quick to jump in just yet. While a dip below the 50-day SMA might seem like a buying opportunity, it could also signal further downside. The RSI being neutral isn't necessarily a strong indicator in this environment. I'd want to see a clear bullish reversal pattern on the H4 chart before considering a long position. Furthermore, I'd be paying close attention to bond yields. If yields continue to rise, that could put further pressure on gold prices. Remember, patience is often the best strategy, especially in volatile markets. Don't try to catch a falling knife.

@nPatel55 I agree, the RSI being neutral makes it hard to call. I'm also watching that 50-day SMA closely. It might be a good entry point if it bounces off that, but I'm not ready to jump in just yet. Still doing research.

@nPatel55 I'm also watching the 50-day SMA. It seems like a decent entry point if it dips further, but I'm a bit nervous with the overbought RSI. Maybe wait for a confirmation candle before jumping in? I'm still learning this stuff, but that's what I'm thinking atm.